Tag: newsticker

[Classiq in TechCrunch] Classiq raises additional funding for its quantum algorithm design tools

Tel Aviv-based Classiq, a startup that wants to make it easier for developers to build quantum algorithms and applications, today announced that it has raised additional funding for its service by adding HSBC, NTT Finance and Intesa Sanpaolo as new investors to its $33 million Series B round, which brings the round to $36 million and the company’s total funding to $51 million. Read more...

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[Classiq in Business Wire] Classiq announces strategic investment from global business leaders HSBC, NTT Finance, Neva SGR (Intesa Sanpaolo Group)

TEL AVIV, Israel, May 16, 2022–(BUSINESS WIRE)–Classiq, the leader in quantum software development, today announced the participation of three industry leaders – HSBC, NTT Finance, and Intesa Sanpaolo – in the second closing of its Series B funding. This comes on the heels of its earlier Series B round news, and brings Classiq’s funding for this round to $36 million and its overall funding to $51 million. It also demonstrates that key industry players view quantum as a strategic imperative. Read more...

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[Taranis in CTech] Israeli innovation stopping food waste in its tracks

The numbers are simply astounding. According to a report published at the end of last year by the Environmental Protection Ministry and Leket Israel, the leading food rescue organization in Israel, in 2020 nearly 2.5 million tons of food waste was thrown away in Israel, amounting to NIS 19.1 billion ($6 billion). The total loss represents about 35% of the total food production in Israel, of which, approximately 1.1 million tons is rescuable, valued at about NIS 6.4 billion ($1.9 billion). Read...

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[Oriient in TechCrunch] Oriient raises $11M Series A for its indoor positioning service

Indoor navigation was something we heard about a lot after the launch of the iPhone and during that first wave of location-based apps. But the technology has quietly evolved over the last few years and may now be more important than ever. Oriient, which powers the platform that Instacart shoppers use to gather their orders in hundreds of stores in North America, this week announced that it has raised an $11 million Series A round, which brings its total funding to $16 million. Read more...

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